producer's surplus

noun
variants: or less commonly producer's rent

Definition of producer's surplus

: the payment received by a producer or seller in excess of the least sum he would have been willing to accept to make the sale — compare consumer's surplus

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Statistics for producer's surplus

Cite this Entry

“Producer's surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/producer%27s%20surplus. Accessed 12 Jun. 2021.

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